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CFO Sells $2M in Stock, Reducing Stake
29 Aug
Summary
- EVP Jose-Miguel Tejada sold 6,000 shares of World Kinect.
- The sale reduced the CFO's direct holdings by 14%.
- Shares were sold above recent market closing prices.
On August 13, 2026, Jose-Miguel Tejada, Executive Vice President and Chief Financial Officer of World Kinect, divested 6,000 shares of company stock. This significant sale reduced his direct equity in World Kinect by 14%, leaving him with 35,676 shares valued at an estimated $1.3 million as of August 13, 2026. The transaction occurred at a weighted-average price of $37.16 per share, which was above the market close valuation on August 14, 2026. The filing indicated no indirect ownership, meaning Tejada's entire equity exposure is through his directly held common stock.
Following this trade, the collective insider ownership within World Kinect now accounts for approximately 0.06% of the company's total outstanding shares. World Kinect operates as a diversified energy management company, providing essential fuels such as jet fuel, sustainable aviation fuel, and marine fuels through its Aviation, Land, and Marine segments. The company generates substantial revenue from fuel supply and energy logistics, serving a wide range of clients including airlines, airports, and marine operators globally.
